AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
Follow us on Google News
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Gold Rate Today: Gold becomes cheaper, effect of Fed Reserve’s announcement, know the latest price –

by Aaryan Srivastav
December 19, 2024
Gold Rate Today: Gold becomes cheaper, effect of Fed Reserve's announcement, know the latest price - India TV Hindi

Photo:FILE The prices fell due to sluggish demand from jewelers amid a weak global trend.

Gold prices in the national capital declined on Thursday. The US Fed’s indication of only two rate cuts in 2025 had an impact on the price of gold. According to the All India Bullion Association, the precious metal of 99.9 percent purity fell by Rs 800 to Rs 78,300 per 10 grams. According to PTI news, it had closed at Rs 79,100 per 10 grams in the last trading session on Wednesday. The price of gold of 99.5 percent purity fell by Rs 800 to Rs 77,900 per 10 grams on Wednesday as compared to the previous closing price of Rs 78,700 per 10 grams. The prices fell due to sluggish demand from jewelers amid a weak global trend.

Impact of Fed Reserve’s decision

According to the news, traders said that bullion prices fell due to US Federal Reserve Chairman Jerome Powell’s stance after the US Central Bank’s decision to cut interest rates. The Fed now forecasts just two quarter-percentage percent rate cuts by the end of 2025, down from its forecast of four rate cuts in September.

gold in futures market

In futures trade on MCX, gold contracts for February delivery fell by Rs 303, or 0.4 percent, to Rs 76,350 per 10 grams. In the Asian trading session, Comex gold futures fell by $ 19.10 an ounce, or 0.72 percent, to $ 2,634.10 an ounce.

What do experts say

Saumil Gandhi, senior commodity analyst at HDFC Securities, said gold fell sharply after the Federal Open Market Committee (FOMC) meeting as the Fed said the pace of interest rate cuts for the next year was lower than earlier estimated. . Abans Holdings Chief Executive Officer Chintan Mehta said investors are awaiting US weekly unemployment claims data to be released later on Thursday to assess the strength of the labor market, while personal consumption expenditure (PCE) data on Friday is expected to be released later this week. ) to focus on price index data.

These things are going on regarding prices

Mehta said we expect gold prices to rise further, but any delay in additional interest rate cuts could lead to short-term downside, creating opportunities for accumulation. According to Nish Bhatt, Founder and CEO of Millwood Kane International, we expect the volatility to continue, with the main signals coming from the new administration in the US and the announcement of trade tariffs. Bhatt said traders expect gold prices to remain strong given the geopolitical situation in the markets, however, the rupee will see some weakness in the short to medium term.

Latest Business News

SendShareShareTweetSharePinShareSend

Related Posts

Asset quality of Indian banks in financial year 2025 was strong: report
Business

Asset quality of Indian banks in financial year 2025 was strong: report

by Aaryan Srivastav
June 13, 2025
Additional trade of 25.5 billion pounds possible from India-Britain FTA: British diplomat
Business

Additional trade of 25.5 billion pounds possible from India-Britain FTA: British diplomat

by Aaryan Srivastav
June 13, 2025
RBI MPC, PMI, FII and global economic data will determine market trend
Business

Indian stock market gave 18 percent annual return in five years, beaten other global markets along with China

by Aaryan Srivastav
June 13, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2024 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2024 AnyTV News Network All Rights Reserved.